Essays in the Fundamental Theory of Monetary Economics and Macroeconomics

Abstract

This book provides a comprehensive overview, in the form of eight long essays, of the evolution of monetary theory over the three-quarters of century, from the time of Keynes to the present day. The essays are originally based on lecture notes from a graduate course on Advanced Monetary Economics offered at York University, Toronto, written in the style of academic papers. The essays are mathematical in method ia but also take a historical perspective, tracing the evolution of monetary thought through the Keynesian model, the monetarist model, new classical model, etc, up to and including the neo-Wickesellian models of the early 21st century. The book will be an essential resource for both graduate and advanced undergraduate students in economics, as well as for individual researchers seeking basic information on the theoretical background of contemporary debates. Contents: Money, Debt and Credit in the Enterprise Economy The Recurring Debates in Monetary Economics Variations on the Theme of the Quantity Theory of Money Wicksellian and Neo-Wicksellian Models of Monetary Economics Keynes, Samuelson, Hicks and the Fate of Keynesian Economics Long-Run Models of Monetary Growth, Forced Saving, Wealth, Time Preference, and the Neoclassical Theory of Capital An Alternative Monetary Model of Economic Growth, the Business Cycle, Inflation and Income Distribution Capitalism in One Country?: A Re-examination of Monetary Mercantilism from the Financial Perspective Readership: Graduate and advanced undergraduate courses in monetary theory. Key Features: Provides a comprehensive overview of monetary theory in the 20th and 21st centuries Reference resource for graduate and advanced undergraduate students and individual researchers User-friendly mathematics presented in sufficient detail to enable the reader to understand the debates